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Aug 4, 2014
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kkr says they will not be paying any dividends to shareholders. great newsy has been for shareholders and treasury winds, up four point read percent, five dollars $.16, already closing on that offer price. raise yournough to glass. paul allen in sydney, thanks so much for that. head of the, agency, but up next, the first day on the job for the new boss at infosys. after the break, we will hear from the ceo. this is "asia edge." stay with us. ♪ ♪ is day one for the new boss of infosys today come with big plans to turn the company around. he says he wants to restore confidence and told bloomberg tv that he wants to invest in the start up. to, on thertunity one hand, put an intense focus on the work that we have traditionally been doing, the initiative that mr. morsi and others have laid out over the last year or so, and continuing that with a new and greater focus, but, on the other hand, there are completely new kinds of things, new kinds of innovations, new software to doing that in a exemplary, new ways, but also working with startup companie
kkr says they will not be paying any dividends to shareholders. great newsy has been for shareholders and treasury winds, up four point read percent, five dollars $.16, already closing on that offer price. raise yournough to glass. paul allen in sydney, thanks so much for that. head of the, agency, but up next, the first day on the job for the new boss at infosys. after the break, we will hear from the ceo. this is "asia edge." stay with us. ♪ ♪ is day one for the new boss of...
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Aug 4, 2014
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we're watching the update on the news that it is getting a revised bid from kkr. i think we do have more details on this. back to you. >> us take a closer look at this. -- let us take a closer look. half revisedtten bid for australia's treasury wine. paul, what is the latest on this offer? zeb, it is take two for kkr. five dollars 20 $5.20. ss worth they have had a rough ride recently. they're facing a 260 million in impairments. a few months ago, they announced they had to dump about half a million cases of old wine in the united states due to over supply problems. they're been cutting back exports as well. this offer is a big improvement on the one made back in april, 11% higher than that april offer of $4.70 a share. interesting, why was it not back tackle >> -- why was it knocked back? had knowledgeer of the deal, so they ended up having to go public. if you take a look at the yearly price chart of treasury winds, you can see a couple pivotal moments where things happened. ,ack in january, the impairment business was not in full flow. things looked pretty dire
we're watching the update on the news that it is getting a revised bid from kkr. i think we do have more details on this. back to you. >> us take a closer look at this. -- let us take a closer look. half revisedtten bid for australia's treasury wine. paul, what is the latest on this offer? zeb, it is take two for kkr. five dollars 20 $5.20. ss worth they have had a rough ride recently. they're facing a 260 million in impairments. a few months ago, they announced they had to dump about...
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Aug 11, 2014
08/14
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kkr. >> talked about the financials. what do you do now with the stock down? >> you stay there. >> is this a playbook move? >> moved it into my playbook. it's down 2%, you factor in the different it's probably up. not doing what i expected it to do, but same thing. i think it's a great way to play the financials, kkr, a great dividend, investment banking, a lot of up side, cease management. >> well, you may think you know the halftime team, but you only know half of the story. we're taking you off the desk into the real world to find out what the traders do when they're not trading. what gives pete najarian his competitive edge? take a look. >> when i'm doing "fast money" i am focused -- literally laser-focused on everything we are talking about. trading is a monster rush for me, but when i'm not trading, it's all about sports. i've loved playing football over the years, and professional football life was great. >> he's enthusiastic about almost everything. >> faster, faster. >> i'm cole najarian, and i'm pete's son. he comes home from work and asked me if i w
kkr. >> talked about the financials. what do you do now with the stock down? >> you stay there. >> is this a playbook move? >> moved it into my playbook. it's down 2%, you factor in the different it's probably up. not doing what i expected it to do, but same thing. i think it's a great way to play the financials, kkr, a great dividend, investment banking, a lot of up side, cease management. >> well, you may think you know the halftime team, but you only know half...
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Aug 11, 2014
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ands not the same as kkr ronan offered last week. kkr is doing to children's. the offer at $3.2 billion. that is an improved offer from one they put on the table back in april of $4.70 a share. that is an 11% increase. now we have two offers on the table at $5.20. privateugh there is equity firms think their offer is fair value, the market thinks something different. shareholders may well be anticipating a rather enjoyable war. ng mo >> no great news for shareholders. >> that is something of an understatement. the bad news was flowing much like the wind at treasury at the start of the year. that annual chart really does tell the story. if you look back in january, that is when the bad news really hit to do with these impairments. in 2013 they suffered 160 million in write-downs. beleaguered with oversupply issues. they had to dump stock quite literally digging a large hole in the united states and pouring the wine into it. things have since improved since the bids are put on the table. if you look at the big bump they got in april when the kkr bid was first ann
ands not the same as kkr ronan offered last week. kkr is doing to children's. the offer at $3.2 billion. that is an improved offer from one they put on the table back in april of $4.70 a share. that is an 11% increase. now we have two offers on the table at $5.20. privateugh there is equity firms think their offer is fair value, the market thinks something different. shareholders may well be anticipating a rather enjoyable war. ng mo >> no great news for shareholders. >> that is...
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Aug 19, 2014
08/14
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ahead to sink to the future some of the people that financed oil -- oil and gas from fracking like kkr also tried to think about the next hole ryan payday that could be the alternative those that would store energy so they go on at the same time. >> more or less when you focus on those personalities so hall much overall almost like a biography of the personalities involved how much the big boys did not want to take the risk? with the potential loss involved so it in that process of profiling there were genuine cases? was set materialized that would give rise to the media in the process? . . and early on accompanied ruined people's water. they made mistakes, real mistakes. they will own up to it now. yes. we did not know what we redoing as well as we should have. i think they do own up to it now. and there were mistakes. it was not that they were -- early on they were skeptical because they had always thought i was just fracking. but it was a new geology, on the part of the country. it makes sense that they went into it thinking they were overconfident and learn their lesson hopefully.
ahead to sink to the future some of the people that financed oil -- oil and gas from fracking like kkr also tried to think about the next hole ryan payday that could be the alternative those that would store energy so they go on at the same time. >> more or less when you focus on those personalities so hall much overall almost like a biography of the personalities involved how much the big boys did not want to take the risk? with the potential loss involved so it in that process of...
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Aug 7, 2014
08/14
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a blackstone, look at kkr and throw in -- >> there we go. >> all of these names have potential, plus you're getting paid because they can pay you. paid to hold on to these assets. a lot different than you're seeing in the rest of the banks. basically dividends yields aren't high. >> a nickel doesn't count, jim. >> pretty simple. >> symbolically. >> the big money center banks, melissa, trading as significant discount to book valley. citibank, deutsche bank, right in there. >> thank you. >>> making news, fox flying higher beating estimate sightings success of its film division. >> crushed on earnings. revenue growth year over year, impressive. stepped away from the time warner deal and also mr. murdoch himself cha talking, look, deals will be small and unique. because of that and add the actual $6 billion they talked in repurchase a name to own. i own it and think it's going higher. >> time warner? >> don't own that. guy, trying to buy on the -- >> come on in. >> you're in. >> i do think there's room. murph bought some of that yesterday or the day before. i think there's room. fox, tho
a blackstone, look at kkr and throw in -- >> there we go. >> all of these names have potential, plus you're getting paid because they can pay you. paid to hold on to these assets. a lot different than you're seeing in the rest of the banks. basically dividends yields aren't high. >> a nickel doesn't count, jim. >> pretty simple. >> symbolically. >> the big money center banks, melissa, trading as significant discount to book valley. citibank, deutsche bank,...
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Aug 1, 2014
08/14
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. >> kkr, i baud it today. >> stephanie? >> occidental. >> s. ni. >> wti, i think oil is oversold. we should be looking at that -- >> six-month low. watching brent as well? >> a little more confidence in wti. >> it's going to have here. thank you. >>> "power lunch" starts now. >>> halftime is over. "power lunch" and the second half of the trading day start right now. >> indeed it does. what an interesting wee, what an interesting trading day. the big question this hour -- how bad will it get for the bulls? the the dow is down and down sharply. about a half percent at 16,471, on top of yesterday's 317-appointed decline. what is your best option right now? we're going to talk about junk bonds, which have been not doing so well. dividend stocks, hunting for yield, shelter from t
. >> kkr, i baud it today. >> stephanie? >> occidental. >> s. ni. >> wti, i think oil is oversold. we should be looking at that -- >> six-month low. watching brent as well? >> a little more confidence in wti. >> it's going to have here. thank you. >>> "power lunch" starts now. >>> halftime is over. "power lunch" and the second half of the trading day start right now. >> indeed it does. what an...
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Aug 13, 2014
08/14
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. >> caller: i want to know how you think about kkr. i want to buy it for the dividends. >> i'm blessing that. i've been blessing that for a long time. i am with you. i like that yield, i like the stock, i think you're in good shape. i think he's a smart and a good man. larry in massachusetts, larry? >> jim, just after the last quarter, you took me to task for defending an indefensible dsw conference call. the stock has rebounded by 17% from the low and you recently called it cheap because of what you've heard from the shoe manufacturers. >> right. >> my local storebusy, do you still think the shoes won't match the bags? >> remember, you said empirical knowledge, that's anecdotal. we do know there's a footwear bull market right now i think could spill over to dsw. i don't mind it. the risk is better than reward. i was blown away by how bad the kate spade call was. it's not a buy to me it bounced so much. it went down so much. that wasn't good, the macy's conference call p wasn't that good. they didn't say things were all that bad in han
. >> caller: i want to know how you think about kkr. i want to buy it for the dividends. >> i'm blessing that. i've been blessing that for a long time. i am with you. i like that yield, i like the stock, i think you're in good shape. i think he's a smart and a good man. larry in massachusetts, larry? >> jim, just after the last quarter, you took me to task for defending an indefensible dsw conference call. the stock has rebounded by 17% from the low and you recently called it...
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the owner lives in monte carlo and take all stock whereas kkr is taking all cash. they have about 22% of the 1.1 billion shares of walgreens. i'm not an expert. our team jeff jonas knows it well. earnings had a little bit of concern because of margin erosion. liz: it wasn't just that is what i'm saying? >> no it wasn't. but that was an element because speculative interest in part at the margin there. they basically said we want out. meanwhile the stock got down to $59. we're 950 million shares, liz. boots tieing in in february which already preannounced two years ago, they had the right to do this, this is very attractive stock. liz: it's a buy you're saying maybe? >> no. for our clients it is not normally what we do but we bought some yesterday. liz: what are your favorite names right now. >> there is a lot of areas we like. for example in the heavy-duty class a market, big trucks in the united states, navistar. that will have a potential 50% plus, dana which sell parts for both trucks andstock, 50%. i also like fox and i also like time warner. liz: both? >> oh, a
the owner lives in monte carlo and take all stock whereas kkr is taking all cash. they have about 22% of the 1.1 billion shares of walgreens. i'm not an expert. our team jeff jonas knows it well. earnings had a little bit of concern because of margin erosion. liz: it wasn't just that is what i'm saying? >> no it wasn't. but that was an element because speculative interest in part at the margin there. they basically said we want out. meanwhile the stock got down to $59. we're 950 million...
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Aug 11, 2014
08/14
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and some of the same people that founded, that finance the oil and gas production from fracking, like kkr, a big private equity firm in wall street, are also kind of think about the next home run, the next big huge payday, and that could be alternative. they're trying to figure out becoming the first ones how to come up with the right battery to store energy from solar and wind. so i think they are both kind of going on at the same to i'm sorry, what was the first question? i apologize. >> more or less i'm curious because you focus on the person is involved with these guys a vision uzbeks i wonder how much overall in the process of kind of, almost like a bio of the person is involved in the development of the industry, how much you found the case to be that they faced them you mentioned briefly that the big boys kind of didn't want to take the risk. they avoided the potential loss involved and there was a bad investment. so i wonder how much in the process of profiling you found that there was genuine cases for trepidation, how much was their loss involved and was, you know, was there mat
and some of the same people that founded, that finance the oil and gas production from fracking, like kkr, a big private equity firm in wall street, are also kind of think about the next home run, the next big huge payday, and that could be alternative. they're trying to figure out becoming the first ones how to come up with the right battery to store energy from solar and wind. so i think they are both kind of going on at the same to i'm sorry, what was the first question? i apologize....
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Aug 11, 2014
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the offer comes from an unnamed private equity group and matches the $5.20 per share bid made by kkr last week. analysts say there may now be a bidding war. meanwhile, four years ago, elon musk invited a fellow car guide to ride in his new wheels. he and jackie o toyota hit it off so well that they decided to develop an suv together. the relationship soured, an analyst say we are unlikely to see another tesla-toyota tie up. craig trudell has the inside scoop on this. how did this partnership come about in the first place? -- thisentioned involved a ride in a new set of tesla wheels. this all started when takeo toyota asked to meet elan mosque -- elon musk. toyota was looking for somebody plantp in and build the that toyota was closing down that it had run with general motors for a matter of decades. it is actually a plant where toyota worked earlier in his career at toyota. he asked to meet with elon musk. they met at elon musk's house. they took a test drive in a roadster, the sports car that preceded the model asked -- model s. very quickly, they decided in addition to selling this
the offer comes from an unnamed private equity group and matches the $5.20 per share bid made by kkr last week. analysts say there may now be a bidding war. meanwhile, four years ago, elon musk invited a fellow car guide to ride in his new wheels. he and jackie o toyota hit it off so well that they decided to develop an suv together. the relationship soured, an analyst say we are unlikely to see another tesla-toyota tie up. craig trudell has the inside scoop on this. how did this partnership...
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Aug 11, 2014
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that matches a bit from kkr. treasury makes tenfold and other popular brands. and what a difference a few days of trading can make. the market line lambda jeff bezos and other tech executives. he lost $4 billion as stocks holdingom their highest, larry page and sergey brin. that is your company news. >> futures are up nine. may be up 5-9. >> people are happy about what is happening in turkey. we will take a look. he has been the prime minister for more than 10 years and he will be the president. he wants to make it a stronger role. with a fair election and expected result, he has been looking extremely humorist and humorless. win, thised erdogan to is not a surprise. >> it is not a surprise. he was not forced into a runoff. he gets 52%. the challenge for him is how to take the ceremonial role of president turn it into a non-aquatic one. it is an authoritative one. the centrality and independence of the central bank in turkey is very much at risk. erdogan wants to control them. he does not want to see interest rate hikes. i will throw it over to tom keene. is th
that matches a bit from kkr. treasury makes tenfold and other popular brands. and what a difference a few days of trading can make. the market line lambda jeff bezos and other tech executives. he lost $4 billion as stocks holdingom their highest, larry page and sergey brin. that is your company news. >> futures are up nine. may be up 5-9. >> people are happy about what is happening in turkey. we will take a look. he has been the prime minister for more than 10 years and he will be...
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Aug 19, 2014
08/14
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ahead to sink to the future some of the people that financed oil -- oil and gas from fracking like kkr also tried to think about the next hole ryan payday that could be the alternative those that would store energy so they go on at the same time. >> more or less when you focus on those personalities so hall much overall almost like a biography of the personalities involved how much the big boys did not want to take the risk? with the potential loss involved so it in that process of profiling there were genuine cases? was set materialized that would give rise to the media in the process? . . and early on accompanied ruined people's water. they made mistakes, real mistakes. they will own up to it now. yes. we did not know what we redoing as well as we should have. i think they do own up to it now. and there were mistakes. it was not that they were -- early on they were skeptical because they had always thought i was just fracking. but it was a new geology, on the part of the country. it makes sense that they went into it thinking they were overconfident and learn their lesson hopefully.
ahead to sink to the future some of the people that financed oil -- oil and gas from fracking like kkr also tried to think about the next hole ryan payday that could be the alternative those that would store energy so they go on at the same time. >> more or less when you focus on those personalities so hall much overall almost like a biography of the personalities involved how much the big boys did not want to take the risk? with the potential loss involved so it in that process of...
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kkr raises takeover width for largest listed wine-maker. greg zuckerman on why they want the 3 billion-dollar australian company. >>> new york muscling ahead even if hong kong, even for chinese companies. alibaba putting the spotlight on that. jo ling kent has the reaso
kkr raises takeover width for largest listed wine-maker. greg zuckerman on why they want the 3 billion-dollar australian company. >>> new york muscling ahead even if hong kong, even for chinese companies. alibaba putting the spotlight on that. jo ling kent has the reaso
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Aug 19, 2014
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those are companies like private equity firms, you know, blackstone, apollo, kkr, carlisle, those kind of guys. >> that's an interesting point. and terry dolan, let me turn to you. i'm so glad that john just mentioned real estate, because i remember the ceo of cantor fitzgerald, howard lutnik telling us this program, once it dawned on him that we could talk about a better growth environment without necessarily a big increase in rates that real estate was a no-brainer and they've moved aggressively into commercial real estate. you're starting to see it across cities that aren't just top-tier cities in the u.s. benefiting with cranes all over the place. what do you think the outlook is for real estate and commercial real estate here? would you be as bullish? >> well, i am very bullish on real estate as a result of a natural hedge against inflationary expectations in the future, as was pointed out. i think right now we're in a luxury situation where, you know, consumer prices have been really benign and we're looking now at wage growth as our benchmark for inflation, at least from the fed
those are companies like private equity firms, you know, blackstone, apollo, kkr, carlisle, those kind of guys. >> that's an interesting point. and terry dolan, let me turn to you. i'm so glad that john just mentioned real estate, because i remember the ceo of cantor fitzgerald, howard lutnik telling us this program, once it dawned on him that we could talk about a better growth environment without necessarily a big increase in rates that real estate was a no-brainer and they've moved...